Russia Plans To Set Up 2 Crypto Exchanges & BRICS Stablecoin
Despite the risks and sanctions challenges, Russia plans to launch two crypto exchanges and a BRICS stablecoin to stimulate foreign economic activity. Russia is currently establishing two cryptocurrency exchanges, one in Moscow and the other in St. Petersburg. This action emphasizes the necessity of fostering foreign economic activity (FEA). Additionally, it is designed to establish […]
BRICS Weighs in on Using Stablecoins in Settlements
According to a Russian official, BRICS countries are looking into stablecoin payments and a platform for conducting CBDC payments to improve financial cooperation. As the BRICS alliance has already established a unique communication route between central banks, stablecoins may serve as a vehicle for international settlements amongst its members. Ryabkov said that the BRICS countries […]
India and Iran Forge a Strategic Partnership within BRICS and SCO
India and Iran, two influential members of the BRICS and SCO blocs, have strengthened their bilateral ties and cooperation in various fields, such as trade, transport, and security. They have also navigated the challenges and opportunities of the global political landscape with diplomacy and vision. The year 2024 marks a new chapter in the history […]
India Hints at Vetoing Pakistan’s BRICS Membership Bid
India has expressed its reservations about Pakistan’s aspiration to join the BRICS group of emerging economies, citing the lack of consensus and the historic rivalry between the two countries. India has recently articulated its stance regarding Pakistan’s aspiration to join the BRICS (Brazil, Russia, India, China, South Africa) alliance, a group of major emerging economies […]
Bangladesh Formally Applies for BRICS Membership
Bangladesh has officially requested to join the BRICS coalition, which includes Brazil, Russia, India, China, and South Africa. South African President Cyril Ramaphosa made the request during a meeting with Prime Minister Sheikh Hasina in Geneva last week.BRICS is a group of advanced emerging economies with a combined population of 3.1 billion, representing around 40% […]